Dec 4, 2012 3:00pm EST
market is going to be? of course, that one day that you actually have president obama and boehner come out on the white house lawn saying they're announcing some kind of a deal, you're probably going to see a sharp rebound on the back end of it. you certainly don't want to miss out. >> jeff, what's the third thing you do? buy cans of tuna fish? >> no, i think you have to watch it. the one thing i would disagree with is i don't like dividend payers right now. i think this idea of rushing to these special dividends could come back to actually backfire on some of these companies if they're not putting their cash to good use. it's almost like they're trying to bar the door to keep investors from going out. i'm a little afraid there. i'm also afraid of munis here. on the back end of this, there's a good chance munis could lose their tax-exempt status. that could cause some problems. they've had great run here. i think they're very susceptible to talks coming from the fiscal cliff. >> i think if they took the tax-exempt status away, we'd all be in trouble. >> then what do you do? >> it'
Nov 30, 2012 4:00pm EST
some increased volatility. try and bet on treasurietreasur. as soon as boehner and obama walk out of the white house, which i believe they'll do at some stage over the next month, as soon as that happens, everything is going to flip the other way. i'd like to find a way to play the market, but i think for long-term investors, valuation gets more and more important. the more you stretch things out. the key thing people are miss -- i agree with rick, the economy is not that strong, but it is still growing steadily and valuations are so extreme that you know which way the money is going to go when things settle down. i just wouldn't want to be on the wrong side of that trade. >> stephanie, that's basically the way you feel. you have sort of opportunities out there. how do you see it, stephanie? >> i think what you want to do is use the volatility, use the declines, and go back to the companies that reported good third quarter earnings. go back to an ebay. >> stick to fundamentals. >> right. go back to starbucks. or you also can focus on some of the themes, right. housing is still in rec